NOTE 8 — Deposits

The following table sets forth the composition of deposits as of the dates indicated:


	September 30, 2012		December 31, 2011
(Dollars in thousands)	(Unaudited)
Demand deposit accounts	$	124,235	$	141,105
NOW accounts		23,563		19,527
Savings accounts		76,279		71,499
Money market accounts		77,414		45,357
Time deposits under $100,000		109,886		104,644
Time deposits $100,000 and over		107,366		96,869

Total Deposits	$	518,743	$	479,001

The $16.9 million decrease in demand deposit accounts is attributable to fluctuations in commercial non-interest bearing accounts. The $32.1 million increase in money market deposit accounts is attributable to fluctuations in commercial interest-bearing accounts.

The following table sets forth the scheduled maturities of time deposits as of the dates indicated:


	September 30, 2012		December 31, 2011
(Dollars in thousands)	(Unaudited)
Within 1 year	$	128,464	$	73,907
1 - 2 years		39,957		54,721
2 - 3 years		30,814		40,355
3 - 4 years		14,984		15,198
4 - 5 years		3,033		17,332

Total	$	217,252	$	201,513

Time deposits include Certificate of Deposit Account Registry Service (“CDARS”) balances and wholesale deposits. The Bank had $32.5 million and $32.8 million in CDARS deposits at September 30, 2012 and December 31, 2011, respectively. Wholesale deposits were $42.3 million and $36.2 million at September 30, 2012 and December 31, 2011, respectively.